Financial Performance - Revenues for the three months ended December 31, 2024, increased by $6,828,000, or 19%, to $42,304,000 compared to $35,476,000 for the same period in 2023[75]. - Operating income for the three months ended December 31, 2024, rose by $3,036,000, or 47%, to $9,558,000 compared to $6,522,000 for the same period in 2023[75]. - Net income attributable to Reservoir Media, Inc. for the three months ended December 31, 2024, was $5,244,000, an increase of $8,207,000 compared to a net loss of $2,963,000 for the same period in 2023[75]. - Total revenues increased by $6,828 thousand, or 19%, for the three months ended December 31, 2024, compared to the same period in 2023, driven by a 16% increase in Music Publishing revenue and a 20% increase in Recorded Music revenue[76][77]. - Digital revenues rose by $4,277 thousand, or 21%, during the three months ended December 31, 2024, representing 59% of total revenues[78]. - Music Publishing revenues increased by $3,749 thousand, or 16%, during the three months ended December 31, 2024, primarily due to price increases at music streaming services and acquisitions of new catalogs[80]. - Recorded Music revenues grew by $1,965 thousand, or 20%, during the three months ended December 31, 2024, aided by a royalty recovery related to underreported usage[82]. - Total revenues for the nine months ended December 31, 2024, increased by $11,578 thousand, or 11%, with Music Publishing revenues representing 68% of total revenues[84]. - Total digital revenues for the nine months ended December 31, 2024, increased by $10,726 thousand, or 18%, accounting for 59% of consolidated revenues[85]. - Net income for the three months ended December 31, 2024, was $5,312 thousand, a significant improvement from a net loss of $2,861 thousand for the same period in 2023[120]. - For the nine months ended December 31, 2024, net income was $5,010 thousand compared to a net loss of $2,015 thousand during the same period in 2023, driven by improved gross margin and the nonrecurrence of legal fee write-offs[121]. Costs and Expenses - Total costs and expenses for the three months ended December 31, 2024, increased by $3,792,000, or 13%, to $32,746,000 compared to $28,954,000 for the same period in 2023[75]. - Administration expenses for the three months ended December 31, 2024, increased by $1,575,000, or 17%, to $10,964,000 compared to $9,389,000 for the same period in 2023[75]. - Cost of revenues increased by $1,846 thousand, or 14%, during the three months ended December 31, 2024, while the cost of revenues as a percentage of revenues decreased to 36%[91]. - Writer royalties and other publishing costs increased by $1,592 thousand, or 16%, during the three months ended December 31, 2024, maintaining a percentage of 44% of Music Publishing revenues[92]. - Artist royalties and other recorded music costs increased by $254 thousand, or 8%, during the three months ended December 31, 2024, with a decrease in percentage to 28% of recorded music revenues[93]. - Cost of revenues increased by $2,045 thousand, or 5%, for the nine months ended December 31, 2024, while the percentage of revenues decreased to 37% from 39%[94]. - Writer royalties and other publishing costs increased by $3,237 thousand, or 10%, for the nine months ended December 31, 2024, with costs as a percentage of Music Publishing revenues decreasing to 43% from 44%[95]. - Artist royalties and other recorded music costs decreased by $1,192 thousand, or 12%, for the nine months ended December 31, 2024, with costs as a percentage of recorded music revenues decreasing to 28% from 33%[96]. - Total administration expenses decreased by $211 thousand, or 1%, for the nine months ended December 31, 2024, with expenses as a percentage of revenues decreasing to 26% from 29%[105]. - Music Publishing administration expenses decreased by $821 thousand, or 4%, for the nine months ended December 31, 2024, with expenses as a percentage of revenues decreasing to 23% from 28%[106]. - Recorded Music administration expenses decreased by $310 thousand, or 4%, for the nine months ended December 31, 2024, with expenses as a percentage of revenues decreasing to 22% from 23%[107]. OIBDA and Margins - OIBDA increased by $3,407 thousand, or 26%, for the three months ended December 31, 2024, with an OIBDA Margin rising to 38% from 36% in the same period of 2023[127]. - Recorded Music OIBDA rose by $1,744 thousand, or 37%, for the three months ended December 31, 2024, with the OIBDA Margin increasing to 53% from 47%[129]. - Music Publishing OIBDA increased by $1,388 thousand, or 18%, for the three months ended December 31, 2024, maintaining an OIBDA Margin of 34%[128]. - OIBDA for the nine months ended December 31, 2024, increased by $9,745 thousand, or 28%, with the OIBDA Margin improving to 38% from 33% in the same period of 2023[130]. - Music Publishing OIBDA for the nine months ended December 31, 2024, increased by $7,231 thousand, or 37%, with the OIBDA Margin rising to 34% from 28%[131]. - Recorded Music OIBDA for the nine months ended December 31, 2024, increased by $2,579 thousand, or 19%, with the OIBDA Margin increasing to 50% from 44%[132]. - The company emphasizes the importance of non-GAAP financial measures like OIBDA and Adjusted EBITDA for evaluating operational performance and making strategic decisions[122]. - The increase in net income and OIBDA is attributed to improved gross margins and the absence of prior legal fee write-offs, indicating a positive trend in operational efficiency[121]. - Adjusted EBITDA for the three months ended December 31, 2024, increased by $3,599 thousand, or 26%, with an Adjusted EBITDA Margin of 41%, up from 39% in the same period of 2023[135]. Cash Flow and Debt - Cash provided by operating activities was $33,105 thousand for the nine months ended December 31, 2024, a 48% increase from $22,407 thousand in the same period of 2023[142]. - Cash used for investing activities increased to $71,930 thousand for the nine months ended December 31, 2024, compared to $47,182 thousand in the same period of 2023, primarily due to acquisitions of music catalogs[143]. - Cash provided by financing activities was $38,516 thousand for the nine months ended December 31, 2024, reflecting a 30% increase from $29,560 thousand in the same period of 2023[144]. - As of December 31, 2024, the company had $371,799 thousand in debt and $17,760 thousand in cash and cash equivalents[139]. - The company’s outstanding debt under the Senior Credit Facility was $375,828 thousand as of December 31, 2024, with remaining borrowing availability of $74,172 thousand[147]. - The Senior Credit Facility has a maturity date of December 16, 2027, and includes an accordion feature allowing for additional commitments up to $150,000 thousand[150]. - The company maintained compliance with financial covenants, including a fixed charge coverage ratio of not less than 1.10:1.00 and a consolidated senior debt to library value ratio of no greater than 0.45:1.00 as of December 31, 2024[158]. - The company did not pay any dividends to stockholders during the three months ended December 31, 2024, due to restrictions from covenants in the Senior Credit Facility[160]. Internal Controls and Governance - The company reported material weaknesses in internal controls over financial reporting, concluding that disclosure controls were not effective as of December 31, 2024[168]. - The company is actively working on a remediation plan to address material weaknesses, including hiring additional accounting personnel and improving risk assessment activities[169]. - No off-balance sheet arrangements were reported as of December 31, 2024, reflecting a straightforward financial position[165]. - The company is committed to ensuring that improved processes and controls are effectively designed and implemented in future periods[170]. - Management does not expect that disclosure controls will prevent all errors and fraud, highlighting inherent limitations in control systems[173]. - The evaluation of the effectiveness of new and redesigned controls is ongoing, with management monitoring remediation plans[171]. - The company has retained third-party experts to assist with complex technical accounting issues, indicating a proactive approach to financial governance[169]. - There have been no changes in internal control over financial reporting that materially affected the company during the three months ended December 31, 2024[172]. - As of December 31, 2024, there have been no material changes in contractual obligations since March 31, 2024[162]. - There have been no material changes to critical accounting policies since March 31, 2024, indicating stability in financial reporting practices[163].

Core Insights - Reservoir Media, Inc. (RSVR) reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, compared to break-even earnings per share a year ago, resulting in an earnings surprise of 166.67% [1] - The company posted revenues of $42.3 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 14.46%, and showing an increase from year-ago revenues of $35.48 million [2] - Reservoir Media shares have underperformed the market, losing about 10.2% since the beginning of the year, while the S&P 500 has gained 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $40.68 million, and for the current fiscal year, it is $0.07 on revenues of $152.62 million [7] - The estimate revisions trend for Reservoir Media is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Media Conglomerates industry, to which Reservoir Media belongs, is currently in the top 35% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Another company in the same industry, Endeavor Group (EDR), is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year change of +125%, with revenues anticipated to be $1.5 billion, down 5% from the year-ago quarter [9][10]

Financial Performance - Total revenue for Q3 FY25 was $42.3 million, a 19% increase year-over-year, with organic growth of 16%[6] - Operating income for Q3 FY25 was $9.6 million, a 47% increase from $6.5 million in Q3 FY24[7] - OIBDA for Q3 FY25 was $16.3 million, reflecting a 26% year-over-year growth[7] - Net income for Q3 FY25 was $5.3 million, compared to a net loss of $2.9 million in the prior year[8] - Adjusted EBITDA increased by 26% to $17.3 million in Q3 FY25[7] - Revenues for the three months ended December 31, 2024, increased by 19% to $42,303,716 compared to $35,476,172 in 2023, while revenues for the nine months increased by 11% to $117,287,952 from $105,710,058[32] - Operating income for the three months ended December 31, 2024, rose by 47% to $9,557,957, and for the nine months, it increased by 56% to $24,641,516 compared to the previous year[32] - Net income attributable to Reservoir Media, Inc. for the three months ended December 31, 2024, was $5,244,091, a significant recovery from a loss of $2,963,059 in 2023[32] - Adjusted EBITDA for the three months ended December 31, 2024, was $16,272,000, up from $12,865,000 in 2023, while for the nine months, it increased to $44,170,000 from $34,425,000[37] - EBITDA for the three months ended December 31, 2024, was $19,789,000, significantly higher than $7,627,000 in the same period of 2023, representing an increase of approximately 160%[44] Revenue Breakdown - Music Publishing revenue rose to $26.9 million, up 16% year-over-year, driven by a 20% increase in digital revenue[10] - Recorded Music revenue increased by 20% to $12.0 million, attributed to royalty recovery and price increases at streaming services[13] Outlook and Guidance - The company raised its fiscal 2025 revenue outlook to between $155 million and $158 million, representing an 8% growth[17] Assets and Liabilities - Total assets as of December 31, 2024, were $832,366,342, an increase from $783,534,568 as of March 31, 2024[34] - Cash and cash equivalents decreased slightly to $17,760,030 from $18,132,015 as of March 31, 2024[34] - Total liabilities increased to $471,583,398 from $429,049,587 as of March 31, 2024, primarily due to an increase in secured line of credit[34] - The total current assets increased to $73,997,365 as of December 31, 2024, from $70,908,320 as of March 31, 2024, indicating improved liquidity[34] Other Financial Metrics - The company reported a basic earnings per share of $0.08 for both the three and nine months ended December 31, 2024, compared to a loss per share of $0.05 in the same periods of 2023[32] - Interest expense for the three months ended December 31, 2024, was $5,777,000, compared to $5,372,000 in the same period of 2023, indicating an increase of about 7.5%[44] - The company recorded a loss on foreign exchange of $76,000 for the three months ended December 31, 2024, compared to no loss in the same period of 2023[44] - Non-cash share-based compensation for the nine months ended December 31, 2024, was $3,334,000, up from $2,540,000 in the prior year, reflecting an increase of about 31%[44] - The company reported a gain on the disposal of an equity investment during the three months ended December 31, 2024, contributing to overall financial performance[46] - The loss on fair value of swaps for the three months ended December 31, 2024, was $(3,085,000), compared to a gain of $4,248,000 in the same period of 2023[44] - Income tax expense for the three months ended December 31, 2024, was $1,987,000, compared to a benefit of $(1,227,000) in the same period of 2023[44] - The company experienced a one-time write-off of recoupable legal fees amounting to $2,695,000 in the nine months ended December 31, 2023[46] Strategic Developments - Acquired the publishing catalog of Lastrada Entertainment, enhancing the company's portfolio with Grammy-winning titles[5] - Expanded relationships with notable artists and producers, including a deal with composer Lebohang Morake[5]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $40.7 million, up 6% year-over-year, with adjusted EBITDA of $17.6 million, an 11% increase compared to the previous year [5][11] - Net income for the quarter was approximately $200,000, down from $700,000 in Q2 2024, primarily due to a loss on the fair value of swaps [13] - Total costs decreased by 5% year-over-year, driven by a 20% reduction in administration expenses [12] Business Line Data and Key Metrics Changes - Music Publishing revenue increased by 10% to $28.6 million, supported by acquisitions and price increases at streaming services [14] - Recorded Music revenue declined by 1% to $10.7 million, attributed to decreased physical revenue from prior successful releases [14] Market Data and Key Metrics Changes - The company reported a strong performance in synchronization revenue, which was positively impacted by timing of licenses [12][30] - Demand for sync licenses was primarily driven by advertising, with film and trailers also contributing [32] Company Strategy and Development Direction - The company continues to focus on acquiring legendary and evergreen catalogs as part of its long-term growth strategy [9] - Reservoir Media is actively investing in emerging markets, particularly in the Middle East and North Africa, to enhance organic growth opportunities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong pipeline of over $1 billion in transactions under consideration, indicating a positive outlook for the remainder of the fiscal year [10][19] - The company is raising its revenue guidance range to $150 million to $153 million, reflecting nearly 5% growth compared to fiscal 2024 [15] Other Important Information - The company signed significant deals with high-profile artists, including Snoop Dogg and k.d. lang, enhancing its talent roster [6][7] - The company has seen a substantial increase in the revenue of classic tracks, demonstrating the ongoing value of its catalog [9] Q&A Session Summary Question: Regarding Publishing margins and sustainability - Management indicated that margin improvements are influenced by revenue mix and types of deals closed, suggesting variability from quarter to quarter [18] Question: Outlook on the deal pipeline - Management confirmed a strong pipeline with good visibility and attractive opportunities for the remainder of the fiscal year [19] Question: Factors differentiating Reservoir in acquiring high-profile deals - The company attributes its success to a high-quality creative team and strong personal relationships with talent [22] Question: International deal sourcing differences - Management emphasized the importance of having local teams on the ground to understand regional nuances and build relationships [23] Question: Impact of swaps charge on financials - Management explained that the fair value of swaps is marked-to-market and that they expect less volatility going forward [24] Question: Impact of streaming price increases on revenue - Management noted that price increases are quickly reflected in revenue, although international markets may experience delays [25][26] Question: Adjusted EBITDA and liquidity access - Management confirmed full access to their revolver and supportive lenders, indicating no immediate plans to expand the facility [28]

Financial Performance - Revenues for the three months ended September 30, 2024, were $40,667,000, representing a 6% increase from $38,397,000 in the same period of 2023[76]. - Operating income increased by 65% to $10,122,000 for the three months ended September 30, 2024, compared to $6,145,000 in the prior year[76]. - Net income attributable to Reservoir Media, Inc. was $185,000 for the three months ended September 30, 2024, down 65% from $535,000 in the same period of 2023[76]. - Total revenues increased by $2,270 thousand, or 6%, during the three months ended September 30, 2024, compared to the same period in 2023, driven by a 10% increase in Music Publishing revenue[79]. - Total revenues increased by $4,750 thousand, or 7%, during the six months ended September 30, 2024, driven by a 13% increase in Music Publishing revenue[84]. - Net income was $152 thousand during the three months ended September 30, 2024, compared to $682 thousand during the same period in 2023, primarily due to the loss on fair value of swaps[109]. - Net loss was $301 thousand during the six months ended September 30, 2024, compared to net income of $847 thousand during the same period in 2023, driven by the loss on fair value of swaps[110]. Revenue Breakdown - The Music Publishing segment represents over 150,000 copyrights, while the Recorded Music segment includes over 36,000 master recordings[62]. - Recorded Music revenues are derived from digital, physical, neighboring rights, and synchronization sources[71]. - The company has over 5,000 clients across diverse genres in its Music Publishing catalog[64]. - The Recorded Music business is primarily managed through Chrysalis Records and Tommy Boy record labels[68]. - Digital revenues increased by $2,779 thousand, or 14%, during the three months ended September 30, 2024, representing 56% of total revenues[80]. - Music Publishing revenues increased by $2,688 thousand, or 10%, during the three months ended September 30, 2024, primarily due to catalog acquisitions and price increases at streaming services[81]. - Recorded Music revenues decreased by $135 thousand, or 1%, during the three months ended September 30, 2024, reflecting a decline in physical revenue[83]. - Total digital revenues increased by $6,449 thousand, or 17%, during the six months ended September 30, 2024, representing 59% of consolidated revenues[85]. - Music Publishing revenues increased by $5,897 thousand, or 13%, during the six months ended September 30, 2024, mainly driven by catalog acquisitions and price increases[86]. - Recorded Music revenues decreased by $889 thousand, or 4%, during the six months ended September 30, 2024, despite growth in streaming services[88]. Cost and Expenses - Total costs and expenses decreased by 5% to $30,545,000 for the three months ended September 30, 2024, compared to $32,252,000 in 2023[76]. - The principal costs associated with the Recorded Music business include artist royalties and other recorded costs, as well as administration expenses[72]. - Cost of revenues increased by $389 thousand, or 3%, during the three months ended September 30, 2024, with a decrease in cost of revenues as a percentage of revenues to 36%[90]. - Writer royalties and other publishing costs increased by $514 thousand, or 5%, during the three months ended September 30, 2024, with a decrease in percentage of Music Publishing revenues to 41%[91]. - Artist royalties and other recorded music costs decreased by $1,446 thousand, or 20%, for the six months ended September 30, 2024, compared to the same period in 2023, with costs as a percentage of recorded music revenues decreasing to 28% from 34%[94]. - Writer royalties and other publishing costs increased by $1,645 thousand, or 8%, during the six months ended September 30, 2024, with costs as a percentage of Music Publishing revenues decreasing to 43% from 44%[93]. - Total administration expenses decreased by $2,311 thousand, or 20%, during the three months ended September 30, 2024, reflecting the nonrecurrence of a $2,700 thousand write-off related to legal expenses[97]. OIBDA and EBITDA - Consolidated OIBDA increased by $4,192 thousand, or 34%, for the three months ended September 30, 2024, compared to the same period in 2023, with an OIBDA Margin increase to 41% from 32%[119]. - Music Publishing OIBDA rose by $4,759 thousand, or 77%, for the three months ended September 30, 2024, with the OIBDA Margin increasing to 38% from 24%[120]. - Recorded Music OIBDA decreased by $124 thousand, or 2%, for the three months ended September 30, 2024, maintaining an OIBDA Margin of 51%[121]. - For the six months ended September 30, 2024, consolidated OIBDA increased by $6,338 thousand, or 29%, with an OIBDA Margin increase to 37% from 31%[121]. - Music Publishing OIBDA increased by $5,842 thousand, or 49%, for the six months ended September 30, 2024, with the OIBDA Margin rising to 34% from 25%[122]. - Recorded Music OIBDA increased by $834 thousand, or 9%, for the six months ended September 30, 2024, with an OIBDA Margin increase to 48% from 43%[123]. - OIBDA is considered an important indicator of operational strengths and performance, excluding non-cash depreciation and amortization[113]. - Adjusted EBITDA is a key measure for understanding operating performance, but has limitations regarding capital expenditures and cash flow sufficiency[114]. - OIBDA Margin is defined as OIBDA as a percentage of revenue, providing insight into profitability relative to sales[113]. - Adjusted EBITDA for the three months ended September 30, 2024, increased by $1,736 thousand, or 11%, reaching $17,605 thousand compared to $15,869 thousand in 2023[126]. - Adjusted EBITDA margin improved to 43% for the three months ended September 30, 2024, up from 41% in the same period of 2023[126]. Cash Flow and Debt - Cash provided by operating activities was $21,872 thousand for the six months ended September 30, 2024, an increase of $3,015 thousand or 16% compared to $18,857 thousand in 2023[131]. - Cash used for investing activities decreased to $10,702 thousand for the six months ended September 30, 2024, down from $32,516 thousand in 2023, primarily due to fewer acquisitions of music catalogs[132]. - Cash used in financing activities was $(8,338) thousand for the six months ended September 30, 2024, compared to cash provided of $19,573 thousand in 2023, reflecting a $27,911 thousand change[133]. - As of September 30, 2024, total debt was $328,828 thousand, with $121,172 thousand available for borrowing under the Senior Credit Facility[135]. - The company maintained compliance with financial covenants under the Senior Credit Facility, including a fixed charge coverage ratio of not less than 1.10:1.00[143]. - The interest rate on borrowings under the Senior Credit Facility is either a base rate plus a margin of 1.00% or a SOFR rate plus a margin of 2.00%[138]. - The company did not pay any dividends to stockholders during the three months ended September 30, 2024, due to restrictions from the Senior Credit Facility[145]. Internal Controls and Compliance - The company identified material weaknesses in internal controls over financial reporting, concluding that disclosure controls and procedures were not effective as of September 30, 2024[151]. - The company is actively working on a remediation plan to address material weaknesses, including hiring additional accounting personnel and improving risk assessment activities[152]. - The company has not experienced any changes in internal control over financial reporting that materially affected its operations during the three months ended September 30, 2024[155]. - The company emphasizes that its control systems can only provide reasonable assurance, not absolute assurance, against errors and fraud[156]. - The certifications of the Chief Executive Officer and Chief Financial Officer were filed pursuant to the Sarbanes-Oxley Act of 2002, ensuring compliance with securities regulations[31.1][31.2]. - The Inline XBRL Instance Document and related taxonomy extension documents were submitted, indicating the use of interactive data formats for financial reporting[101.INS][101.SCH][101.CAL][101.DEF][101.LAB][101.PRE]. - The report was signed by Golnar Khosrowshahi as the Chief Executive Officer and Jim Heindlmeyer as the Chief Financial Officer, confirming the authenticity of the financial statements[168]. Legal and Risk Factors - There are no ongoing legal proceedings that could have a material adverse effect on the company's business or financial condition as of the date of the report[159]. - The company has not identified any material changes in risk factors from those disclosed in the Annual Report for the year ended March 31, 2024[160].

Financial Performance - Total revenue for Q2 fiscal 2025 was $40.7 million, a 6% increase from $38.4 million in Q2 fiscal 2024[4] - Music Publishing revenue rose 10% year-over-year to $28.6 million, while Recorded Music revenue decreased by 1% to $10.7 million[2] - Operating income increased by 65% to $10.1 million compared to $6.1 million in the prior year[5] - OIBDA grew 34% year-over-year to $16.6 million, with Adjusted EBITDA up 11% to $17.6 million[2] - Net income for Q2 fiscal 2025 was $0.2 million, down 78% from $0.7 million in the same quarter last year[6] - Revenues for the three months ended September 30, 2024, increased by 6% to $40,667,393 compared to $38,397,300 for the same period in 2023[6] - Operating income for the three months ended September 30, 2024, rose by 65% to $10,122,026, up from $6,145,090 in the prior year[6] - Adjusted EBITDA for the three months ended September 30, 2024, was $17,605 thousand, a 10.3% increase from $15,869 thousand in the same period of 2023[31] - The recorded music segment's operating income for the three months ended September 30, 2024, was $3,508 thousand, a decrease of 15.0% from $4,130 thousand in 2023[30] Revenue Outlook - The company raised its fiscal 2025 revenue outlook to between $150 million and $153 million, reflecting a 5% growth at the mid-point[13] - Adjusted EBITDA guidance for fiscal 2025 is now projected to be between $59 million and $62 million, indicating a 9% growth[13] Liquidity and Debt - As of September 30, 2024, total available liquidity was $142.3 million, with total debt at $324.5 million[11] - Total current assets increased to $77,011,766 as of September 30, 2024, from $70,908,320 as of March 31, 2024[20] - Cash and cash equivalents increased to $21,067,735 as of September 30, 2024, compared to $18,132,015 as of March 31, 2024[20] - Total liabilities decreased to $418,966,283 as of September 30, 2024, from $429,049,587 as of March 31, 2024[20] - Total assets decreased to $778,231,835 as of September 30, 2024, from $783,534,568 as of March 31, 2024[20] Expenses and Write-offs - The company reported a 20% decrease in administration expenses for the three months ended September 30, 2024, totaling $9,283,977 compared to $11,595,004 in the prior year[6] - Amortization and depreciation expense for the six months ended September 30, 2024, totaled $12,815 thousand, compared to $12,270 thousand in the same period of 2023, indicating a 4.5% increase[31] - The company experienced a one-time write-off of $2,695 thousand related to recoupable legal fees during the six months ended September 30, 2024[31] Artist and Catalog Developments - The company signed new publishing deals with notable artists including Snoop Dogg and k.d. lang, and acquired catalogs from Billy Strange and Jack Douglas[2] Shareholder Information - Basic weighted average common shares outstanding increased to 65,186,357 for the three months ended September 30, 2024, from 64,783,974 in the prior year[6] Foreign Exchange and Non-Cash Compensation - The company reported a loss on foreign exchange of $36 thousand for the three months ended September 30, 2024[31] - Non-cash share-based compensation for the six months ended September 30, 2024, was $2,327 thousand, compared to $1,727 thousand in the same period of 2023, reflecting a 34.7% increase[31]

Business: Reservoir Media operates a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. It operates through two segments: Music Publishing and Recorded Music. The Music Publishing segment is involved in the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. The Recorded Music segment acquires sound recording catalogs and discoves recording artists, as well as ma ...

The price trend for Reservoir Media, Inc. (RSVR) has been bearish lately and the stock has lost 13.8% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only facto ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39795 RESERVOIR MEDIA, INC. (Exact name of registrant as specified in its charter) Delaware 200 Varick Street Sui ...

Reservoir Media, Inc. (NASDAQ:RSVR) Q1 2025 Results Conference Call July 31, 2024 10:00 AM ET Company Participants Jackie Marcus - Investor Relations, Alpha IR Group Golnar Khosrowshahi - Chief Executive Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Griffin Boss - B. Riley Securities Rich Baldry - ROTH Capital Alex Fuhrman - Craig-Hallum Capital Group Operator Good day, everyone, and welcome to today's Reservoir Media Q1 Fiscal Year 2025 Earnings Conference Call. [Operator I ...